The forecast for the import of natural honey to the US from 2024 to 2028 shows a steady upward trend. In 2023, imports stood at approximately 593.4 million USD. The forecasted data indicates an annual growth rate in the value of imports, with the figures increasing from 606.8 million USD in 2024 to 658.92 million USD in 2028. The year-on-year growth rates are strengthening, indicating a positive trend over the last two years. The five-year compound annual growth rate (CAGR) highlights a consistent increase in the imports of honey.
Future trends to watch for:
- Potential impact of global honey supply fluctuations on import costs.
- Changes in consumer preferences towards organic or locally sourced honey.
- Trade policies affecting honey import tariffs and bilateral trade agreements.
- Technological advancements in honey production and its impact on imports.
